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Magic Square Launchpad Boosts Early Web3 Businesses
Magic Square Launchpad Boosts Early Web3 Businesses
Magic Square: a Web3 application that allows users to earn rewards through NFTDeFi, GameFi and more recently introduced their latest initiative: Magic Launchpad.
With important support from industry titans like Crypto.com and Binance LabsThis accelerator – an initial DEX offering (IDO) – is designed to boost fundraising, improve brand visibility and increase user acquisition by supporting emerging Web3 companies.
Additionally, it offers blockchain-based startups a generous prize pool of $200,000 in $STORM tokens, as well as a guaranteed $1,000 stipend, among other enticing rewards.
Source: X (Magic Square)
The backbone of the Magic Launchpad
The main features of Magic Launchpad include:
- Staking Mechanism: Users can stake $SQR tokens to earn SQRp Points, which determine the size of their allocation when launching projects, creating a participation-based rewards system.
- Road to IDO Campaign: This encourages users to engage with projects before their official launch, offering token rewards for early interaction and support.
- Inaugural IDO – Storm Trade: The first IDO on Magic Launchpad is Storm Trade, a perpetual DEX on the TON blockchain. Backed by Ton Ventures, it offers attractive liquidity pools, SocialFi elements, and a secure, user-friendly platform.
Each of these elements positions Magic Launchpad as a comprehensive solution that meets diverse investor preferences and improves user engagement and project visibility within the web3 ecosystem.
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*All investment/financial opinions expressed by NFT Plazas are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product before making any type of investment.
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